Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE10 PROPERTY RIGHTS AND TRANSACTIONS |
CHAPTER119A. Time Shares |
GENERAL PROVISIONS |
NRS 119A.010. Definitions. |
NRS 119A.020. “Administrator” defined. |
NRS 119A.030. “Affiliate of the developer” defined. |
NRS 119A.031. “Affiliate of the manager” defined. |
NRS 119A.032. “Association” defined. |
NRS 119A.033. “Blanket encumbrance” defined. |
NRS 119A.034. “Board” defined. |
NRS 119A.035. “Branch office” defined. |
NRS 119A.036. “Common area” defined. |
NRS 119A.038. “Component site” defined. |
NRS 119A.040. “Developer” defined. |
NRS 119A.041. “Developer’s reserved rights” defined. |
NRS 119A.050. “Division” defined. |
NRS 119A.052. “Limited common area” defined. |
NRS 119A.054. “Manager” defined. |
NRS 119A.055. “Material change” defined. |
NRS 119A.056. “Owner” defined. |
NRS 119A.058. “Permanent identifying number” defined. |
NRS 119A.060. “Permit” defined. |
NRS 119A.070. “Person” defined. |
NRS 119A.080. “Project” defined. |
NRS 119A.090. “Project broker” defined. |
NRS 119A.100. “Public offering statement” defined. |
NRS 119A.110. “Purchaser” defined. |
NRS 119A.120. “Representative” defined. |
NRS 119A.130. “Sales agent” defined. |
NRS 119A.133. “Sales and marketing entity” defined. |
NRS 119A.137. “Statement of record” defined. |
NRS 119A.140. “Time share” defined. |
NRS 119A.150. “Time-share instrument” defined. |
NRS 119A.152. “Time-share plan” defined. |
NRS 119A.153. “Time-share resale” defined. |
NRS 119A.156. “Time-share resale broker” defined. |
NRS 119A.160. “Unit” defined. |
NRS 119A.170. Applicability of this chapter and chapter 645 of NRS. |
NRS 119A.174. Applicability of local ordinances, regulations and building codes. |
NRS 119A.180. Classification of interest of purchaser. |
NRS 119A.190. Regulations; professional consultants; publication of proposed form before adoption and consideration of comments. |
NRS 119A.195. Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions. |
NRS 119A.200. Limitation on licensing by local governments. |
LICENSES AND PERMITS |
NRS 119A.220. Sales agents: Association with project broker. |
NRS 119A.230. Sales agents: Disciplinary actions. |
NRS 119A.233. Provisional sales agents: Qualifications; employment with project broker. |
NRS 119A.235. Provisional sales agents: Expiration of licenses; application to work for new project broker; termination of employment; denial of application for license. |
NRS 119A.237. Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions. |
NRS 119A.260. Representatives: Prohibited acts; compliance with standards applied to real estate brokers and salespersons. |
NRS 119A.268. Branch offices. |
NRS 119A.270. Developers: Prohibited acts. |
NRS 119A.280. Developers: Order to cease; hearing; agreement in lieu of order. |
NRS 119A.285. Developers: Inapplicability of certain provisions to offer or disposition of certain time shares. |
NRS 119A.290. Preliminary permits. |
NRS 119A.300. Requirements for issuance of initial permit. |
NRS 119A.302. Abbreviated registration: Requirements; certain developers excluded from using; documents to be provided to purchasers. |
NRS 119A.305. Terms and conditions of supporting documents: Description in public offering statement; conditions of permit. |
NRS 119A.307. Filing of public offering statement; form; contents; copies of certain documents to be provided to purchaser; waiver of requirements by Administrator. |
NRS 119A.310. Grounds for denial of permit; burden of proof. |
NRS 119A.320. Period for action on application. |
NRS 119A.330. Hearing on denial of application, amendment to statement of record or renewal of permit; expiration of order of denial. |
NRS 119A.340. Issuance of permit before completion of project. |
NRS 119A.350. Investigation of applicants; expenses. |
NRS 119A.355. Renewal of permit. |
NRS 119A.357. Requirement to notify Division in writing of certain convictions. |
NRS 119A.358. Creation and maintenance of website through which licenses, permits or registrations may be renewed; fees. |
NRS 119A.360. Fees. |
NRS 119A.365. Disciplinary action for failure to pay money to Division. |
SALE OF TIME SHARES |
NRS 119A.370. Filing of advertisement or offering. [Repealed] |
NRS 119A.380. Requirements for time-share instruments. |
NRS 119A.385. Description of time share. |
NRS 119A.390. Reservation to purchase time share. |
NRS 119A.400. Prospective purchasers to be provided with public offering statement, addendum and permit. |
NRS 119A.410. Right to cancel contract of sale. |
NRS 119A.420. Deposits to be placed in escrow account; surety bond in lieu of escrow account. |
NRS 119A.430. Requirements for closing of sale of time share. |
NRS 119A.460. Requirements for trusts. |
NRS 119A.470. Conveyance of project to trustee before close of escrow for first sale. |
NRS 119A.475. Action by purchaser or Administrator for misrepresentation or other violation. |
RESALE OF TIME SHARES |
NRS 119A.4773. Filing of advertisement or offering required. [Repealed] |
NRS 119A.4775. Cancellation of contract of sale; disclosure of certain information before resale; purchaser to be provided copies of time-share instruments upon signing contract; regulations. |
NRS 119A.4777. Requirements for agreement for resale of time share; time-share resale broker to provide copy of agreement to owner. |
RIGHTS OF OWNERS |
NRS 119A.480. Requirements if developer holds leasehold interest. |
NRS 119A.485. Developer to provide to board copy of approved public offering statement and amendments thereto. |
NRS 119A.490. Filing of amendment of time-share instrument required. [Repealed] |
NRS 119A.495. Withdrawal of units from time-share plan; conditions of withdrawal; exceptions. |
NRS 119A.497. Relocation of boundaries between adjoining units. |
NRS 119A.500. Partition of unit. |
NRS 119A.510. Replacement or compensation if unit unavailable. |
NRS 119A.515. Publication of information concerning owners: Maintenance of records; consent required; exceptions. |
MANAGEMENT OF TIME-SHARE PROJECT |
NRS 119A.520. Members of association for time-share plan; incorporation of association; proxies. |
NRS 119A.522. Period of developer’s control of association; representation of owners on board. |
NRS 119A.524. Reserved rights of developer. |
NRS 119A.525. Relocation of certain time shares by developer; conditions of relocation; recordation. |
NRS 119A.526. Quorum. |
NRS 119A.528. Removal of member of board; indemnification and defense of member of board. |
NRS 119A.529. Solicitation of votes and proxies by owner; requirements for mailing by managers and boards. |
NRS 119A.530. Written agreement for management of time-share plan and project; disclosure of annual revenue received by manager. |
NRS 119A.534. Disclosure statement to be submitted by certain managers; regulations. |
NRS 119A.540. Annual budget; assessments for unsold time shares. |
NRS 119A.542. Conduct and contents of study of reserves; review of study and necessary adjustments to reserves; regulations. |
NRS 119A.550. Assessment upon time share; notice of assessment; liens; enforcement of liens. |
NRS 119A.552. Statement of unpaid assessments. |
NRS 119A.560. Power of sale; notice of sale. |
NRS 119A.570. Insurance. |
NRS 119A.580. Consent required for liens for labor, services or materials; when consent deemed given. |
PROGRAMS FOR EXCHANGE OF OCCUPANCY RIGHTS |
NRS 119A.590. Information to be furnished to purchasers by developer. |
NRS 119A.600. Information to be furnished by company offering program. |
NRS 119A.620. Information to be furnished to Division and secretary of association; liability for information and representations. |
HEARINGS |
NRS 119A.630. Administrator to appoint hearing officer. |
NRS 119A.640. Powers of Administrator or hearing officer. |
NRS 119A.650. District court to enforce Administrator’s subpoenas. |
ENFORCEMENT OF CHAPTER |
NRS 119A.652. Inspections by Division; penalty for failure to cooperate; regulations. |
NRS 119A.653. Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records. |
NRS 119A.654. Disciplinary action against developer. |
NRS 119A.655. Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Complaint; hearing; notice. |
NRS 119A.656. Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Answer; limitation on proceeding. |
NRS 119A.657. Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Decision of hearing officer. |
NRS 119A.658. Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Appeal of decision of hearing officer. |
NRS 119A.659. Expiration, revocation or surrender of license or permit does not prohibit disciplinary action against holder thereof. |
NRS 119A.660. Enforcement of chapter and protection of purchasers by Administrator. |
NRS 119A.665. Appointment of receiver. |
NRS 119A.670. Action by Real Estate Commission against project broker or supervising licensee. |
NRS 119A.675. Administrative fine for engaging in certain conduct without license, permit, certificate, registration or authorization; procedure for imposition of fine; judicial review; exceptions. |
UNLAWFUL ACTS |
NRS 119A.680. Acting as project broker, supervising licensee, sales agent, representative, manager or time-share resale broker without license or registration. |
NRS 119A.690. Falsifying application; failure to submit annual report. |
NRS 119A.700. False or misleading advertising. |
NRS 119A.702. Restrictions on promotional material; completion of improvements portrayed in promotional material. |
NRS 119A.710. Unfair methods of competition; deceptive or unfair acts. |